Mayrak Financial Solutions | GIC's or Term Deposits - For your safety & peace of mind with fixed return investments

More commonly known as GIC. This fixed return investment yields stability and peace of mind to the more conservative investors. Though the return is limited, it safeguards the capital from any unforeseen market fluctuations. More attractive features are added to this tradition product in attempt to make it more powerful.

Your investment is guaranteed by the banks, trust companies, insurances companies, other financial institutions so it's always secure. Depending on the type of GIC you select, you'll also be certain about your investment income. This is why GICs are the investment choice of millions of Canadians, whether investing inside or outside an RSP.

Short and Long-term GICs can range form 30 days to 10 years. Generally the longer you invest, the higher your rate of interest.
Cashable GICs include features which allow you the flexibility of accessing your money before the end of its term, without any penalties. These can also be called flexible or redeemable GICs.
Market-linked GICs are based on the performance of various stock market indices. Your original principal is guaranteed while you benefit from any market increase, so your actual return is not known until time of maturity. This offers you diversification and higher potential return without compromising the safety of your original investment.
Interest-linked GICs offer a variable rate of return during the term. As interest rates fluctuate, so do the rates on these GICs, allowing you to continue earning more as rates increase.
Specialty GICs are designed to meet specific investing needs and differ for each financial institution. These can include GICs which allow you to contribute through a monthly contribution plan.

Short Term Deposits
Short Term Deposits have been designed to provide you with a safe, secure investment, offering maximum flexibility and competitive market rates. Short Term Deposits are ideal if you have funds which need to be invested from 30 to 364 days. The minimum deposit amount is $1,000, with higher rates for deposits $5,000 or higher.

Long-Term Deposits
Are you saving for a large purchase, are you saving for retirement and want the safety, Invest in Long Term Deposits. Long Term Deposits are available for terms ranging from one to five years. Besides having the flexibility to chose your maturity date, you can design your investment to fit your personal goals and needs. Not to mention the security and great rates of return. Long Term Deposits can be held either outside or within an RRSP. The minimum deposit is $1,000.

Escalator Term Deposits
Like standard term deposits you only need a minimum deposit $1,000 to invest, and with a rate that is guaranteed to rise every year... there's only one direction to go...up! 3 or 5-year terms are available for both registered and non-registered investments.